Bank's Cost to Income Ratio for Singapore
DDEI07SGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.36
Year-over-Year Change
22.74%
Date Range
1/1/2000 - 1/1/2021
Summary
The Bank's Cost to Income Ratio for Singapore measures the operating costs of banks in Singapore as a percentage of their total income. This metric is closely watched by economists and policymakers to assess the efficiency and profitability of the banking sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Bank's Cost to Income Ratio is a key financial indicator that reflects a bank's operating efficiency. It shows how much a bank spends to generate each dollar of revenue, with a lower ratio generally indicating greater efficiency. This data is widely used to benchmark bank performance and identify areas for operational improvements.
Methodology
The ratio is calculated by dividing a bank's total operating expenses by its total operating income.
Historical Context
Regulators and central banks monitor this metric to gauge the health and competitiveness of the banking industry.
Key Facts
- Singapore's bank cost to income ratio was 44.4% in 2021.
- The ratio has declined from over 50% in the early 2000s.
- Lower cost to income ratios indicate improved banking sector efficiency.
FAQs
Q: What does this economic trend measure?
A: The Bank's Cost to Income Ratio for Singapore measures the operating costs of banks in the country as a percentage of their total income.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers to assess the efficiency and profitability of the banking sector in Singapore.
Q: How is this data collected or calculated?
A: The ratio is calculated by dividing a bank's total operating expenses by its total operating income.
Q: How is this trend used in economic policy?
A: Regulators and central banks monitor this metric to gauge the health and competitiveness of the banking industry, which is crucial for financial stability and economic growth.
Q: Are there update delays or limitations?
A: The data is published with a short delay, and may not capture all banks operating in Singapore.
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Citation
U.S. Federal Reserve, Bank's Cost to Income Ratio for Singapore (DDEI07SGA156NWDB), retrieved from FRED.